What is the lesson from the Internet?
The fact that we cannot accurately forecast how much technology will change things is clear. Few in the early 1990s could envision what we are doing online today. Remember the term "information superhighway"? That was a gross underestimation.
In this video I discuss how the next generation of the Internet is going to change society more than the previous two generations did. For that reason, cryptocurrency is going to radically alter the world we live in. How it looks in 20 years is still undetermined. However, we can surmise the impact will spread into most everything.
▶️ 3Speak
The growth of internet in next generation can't be comprehend, right now internet has really make a good impact in society which I'm belief more of it is coming in next future generations. Then the use of Cryptocurrency will widely encourage by the world, Cryptocurrency will be designed to transfer billions/millions of dollars, which also likely to results in death of paper money, and untruthful to the bank system because many huge entities will be made through Cryptocurrency.
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can you talk a little bit about the conflict in Ukraine and how it can affect cryptos in the future? it would be very interesting to see it
In my option, the third generation ( web 3 ) will be all of things for us. Internet will make everything. All of people will work with internet like the play2earn gaming, trade, block chain social, social media entertainment , etc .... Most of people are finding the income money using the internet.
Technology has really gone viral in the aspect of changing things positively and also creating opportunites for so many individuals which is awesome in the aspect of also making life more easier to access. I believe there's still more to witness in the next generation to come because new features occurr daily to change the world in a good note
Technology has changed quite a few things over the past decade and it will continue to change. How does the metaverse play into this? I have heard a different outlook on the metaverse that paints it in a bad light. It mentions that corporations want a metaverse so they can fully control what happens but they never really go into how a decentralized metaverse would look like.
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I believe the meta-verse is going to be a very good example of the infinite game, or the age of abundance as taskmaster often calls it.
As you will be able to earn from everything and anything you do in the decentralized metaverse, the only factor that remains limited is attention. There's a limited amount of time for a human being in which they can be focused and attentive to something.
Other than that it will be the exchange of any service/product for spending time and/or sharing information.
Amidst all of that people will still want to have things that are special, unique, collectible, luxurious etc.
And the community does not need to be very big to be successful in providing value for its members. Cubdefi is a great example for me how a relatively small community can create great value for its members.
Also, look at what opensource software did create alongside the Microsoft's of this world. I think there might be a Facebook controlled metaverse, but alongside it I hope there will be a decentralized one that is being worked and expanded on in every possible direction. Not controlled by anyone, totally unpredictable and disrupting any industry.
We’ll have to see what happens as these things are very hard to predict
Summary:
In this video, the speaker discusses how cryptocurrency, particularly in the form of blockchain technology, is poised to revolutionize and disrupt various aspects of society. He highlights the flaws in the current economic and financial system, the lack of trust in governments and corporations, and the need for a new system that empowers individuals. The speaker emphasizes the potential of cryptocurrency to bring about significant changes, much like how the internet transformed society over the past few decades. He predicts that Web 3, incorporating cryptocurrency and blockchain, will have a more profound impact than previous technological revolutions.
Detailed Article:
The speaker opens by addressing the transformative potential of cryptocurrency and blockchain technology, asserting that it will revolutionize the world in unprecedented ways. He criticizes the existing economic and financial system, pointing out the significant problems and lack of trust in governments and corporations. The aftermath of the great financial crisis serves as evidence of the system's ailments, leading to a discussion on the trillions of dollars lost in productivity and wealth.
Furthermore, the speaker delves into governance issues, corporate structure inefficiencies, and the overwhelming power of big tech companies. He highlights the erosion of trust in various institutions, including the government, medical establishment, and financial sector. There is a focus on the failure of policies, exemplified by the prolonged occupation of Iraq and Afghanistan, emphasizing the need for substantial systemic changes.
The discourse moves towards a comparison between the internet's transformative impact and the potential of cryptocurrency and blockchain technology to bring about even greater changes. The speaker draws parallels between the evolution of the internet and the anticipated disruption that Web 3, with its emphasis on decentralization through cryptocurrency, could bring. He envisions a future where everything in the digital realm will be tokenized and driven by decentralized finance (DeFi).
Moreover, the speaker predicts that cryptocurrency will disrupt traditional sectors such as banking, insurance, finance, and even government functions. He underscores the importance of not underestimating the disruptive potential of cryptocurrency, suggesting that the upcoming decade will witness a significant technological explosion. The speaker concludes by asserting that cryptocurrency is the monetary system for the digital world, emphasizing its inevitability in reshaping the economic landscape.
In summary, the video articulates a vision of a future where cryptocurrency, powered by blockchain technology, plays a central role in transforming societal structures, challenging existing power dynamics, and revolutionizing the way individuals interact with the digital world. The speaker's insights provide a thought-provoking analysis of the potential impact of cryptocurrency on the future of technology, economics, and governance.